Donald Trump had run his campaign on the the promise of making it easier for businesses to operate in the United States, and his victory in the Presidential election seem to have prompted moves from international quarters.
India’s Gautam Adani has announced that his companies will invest $10 billion into the United States following the election of Donald Trump. The investments will largely be in US energy security and infrastructure. Adani said that the investment will create 15,000 jobs in the US.
“As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest $10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,” Adani tweeted. He also added emojis with the US flag and the Indian flag shaking hands.
Donald Trump had run on a pro-business message during his Presidential campaign. He’d said he’d make it easier for businesses to operate in the US by reducing government bureaucracy and inefficiency. He’d also said that he’d impose tariffs on goods imported from abroad into the US to encourage manufacturing within the country. The Adani Group already manufactures items around energy infrastructure around the world, and now possibly wants to have a presence on American shores.
The Adani group has a sizable presence outside India. In Australia, it runs the Carmichael coal mine and a rail project in Queensland. In Indonesia, it has operations around coal mines, and has explored energy extraction projects in Africa. The group also runs ports in Sri Lanka, Israel and Tanzania, and also supplies electricity to countries like Bangladesh. In India, Adani has invested heavily into green energy, power and infrastructure projects.
And the entry of the group into the US will help further grow its operations. Adani is currently the 18th richest person in the world, and is running of the most globally-integrated businesses ever built out of India. There was a time when foreign companies would announce large investments in India after political shifts, but with increased prosperity — and ambition — among Indian entrepreneurs, they seem to be taking advantage of changing political moves around the world.